- December reflects the worst monthly sports betting revenue in Delaware’s history
- Sportsbooks had their lowest overall hold rate since launch.
- December marks the third time that Delaware sportsbooks have gone negative in revenue.
DOVER, Del. – Dozens of sportsbooks across various states saw massive sports betting revenue profits in the last few months of 2021, but Delaware’s sportsbooks actually lost money in December.
Lowest Revenue Month Since Sports Betting Launch
Despite handling $12.6 million in sports wagers, Delaware’s sportsbooks actually lost money overall in December, reportedly making no revenue profit.
This is the third time in Delaware’s sports betting history to go negative in revenue, and is the overall lowest hold rate the state has ever seen at -7.7%.
- December 2021 Revenue: -$475,771
- February 2020 Revenue: -$303,120
- February 2019 Revenue: -$968,520
Interestingly, the only other two times that Delaware has gone negative were both in February.
While Delaware residents did wager less this past December than they had in previous years, they must have placed far more successful bets overall.
- December 2021 Handle: $12,638,955
- December 2020 Handle: $15,696,681
- December 2019 Handle: $20,466,561
Delaware sportsbooks saw a slight -18.8% decrease in December’s monthly betting handle from November.
The revenue drop however, was far more substantial; December’s revenue fell -121.2% from November to the lowest monthly revenue since launch.
- Track Commission: $58,721
- Purse Increases: $13,954
- State Share: $72,675
- Net Proceeds: $145,349
- Track Commission: $30,274
- Purse Increases: $7,759
- State Share: $38,033
- Net Proceeds: $76,066
- Track Commission: $30,007
- Purse Increases: $7,690
- State Share: $37,697
- Net Proceeds: $75,394
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